Tags: freshdirect | dutch retailer | ahold delhaize | online grocer

NYC-Based Online Grocer FreshDirect to be Acquired by Ahold, Centerbridge

NYC-Based Online Grocer FreshDirect to be Acquired by Ahold, Centerbridge
(Vonora | Dreamstime.com)

Thursday, 19 November 2020 08:00 AM EST

The online grocer FreshDirect agreed on Wednesday to be acquired by the supermarket operator Ahold Delhaize NV and private equity firm Centerbridge Partners LLC, as the coronavirus pandemic and growing acceptance of e-commerce prompt more consumers to buy groceries online.

Ahold will take a majority stake and Centerbridge will own 20% of FreshDirect, which will keep its name and operate independently. Terms of the transaction were not disclosed, and a closing is expected in the first quarter of 2021.

Based in the Bronx, New York City, and known for its green-and-orange trucks, FreshDirect specializes in fresh food, which it says represents more than 60% of sales.

The privately-held company was founded in 2002 and operates in seven U.S. states, including the New York City and Philadelphia metropolitan areas, and Washington, D.C.

Ahold is based in the Netherlands and has several U.S. brands, including Stop & Shop, Food Lion, Giant Food and Hannaford.

A recent study by e-commerce specialist Mercatus and the research firm Incisiv said online purchases should account for 10.2% of this year's $1.04 trillion U.S. grocery market, triple the percentage in 2019.

The study also said online purchases may command 21.5% of a total $1.16 trillion grocery market in 2025, close to 60% above pre-pandemic estimates.

Larger retailers, including Amazon.com Inc and Walmart Inc, are also increasing online sales of essentials such as food.

Goldman Sachs and the law firm Latham & Watkins advised FreshDirect on the transaction. Bank of America and the law firm Kirkland & Ellis advised Ahold, and the law firm Fried, Frank, Harris, Shriver & Jacobson advised Centerbridge.

© 2026 Thomson/Reuters. All rights reserved.


Companies
The online grocer FreshDirect agreed on Wednesday to be acquired by the supermarket operator Ahold Delhaize NV and private equity firm Centerbridge Partners LLC, as the coronavirus pandemic and growing acceptance of e-commerce prompt more consumers to buy groceries online.
freshdirect, dutch retailer, ahold delhaize, online grocer
264
2020-00-19
Thursday, 19 November 2020 08:00 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved